Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
As businesses, agencies and organizations recalibrate to the reality that the V-shaped recovery was nothing but a brief fantasy, 6 million additional jobs lost may be a best-case scenario rather than the worst-case scenario.It is somewhat less than rea…
New York | At the end of last week, we featured an update from Michael Whalen about the latest developments in the world of new/old…
American exceptionalism literally transcends education bounds.
Updating charts for the U.S. vs EU27 comparatives for COVID19 pandemic:U.S. vs EU27 in absolute number of cases and deaths:Key takeaway from the above chart: on 12/07/2020 the U.S. has surpassed the EU27 in the absolute number of deaths related to COVI…
Global charts:Cases:Week-to-date, new daily case numbers have ranked within top 10 in history of the series in five days, including three all-time highs set within the last five days. The trend is still to…
If the U.S. of A. is the land of the brain-dead leadership, Europe (the EU) is the land of the unliving ones. The difference is the ratio of effort to failure. The Trump Administration is almost effortlessly creates daily flow of disasters. Meanwhile t…
Snippets of news from the Land of Publicly Global Disaster
With highly speculative securities markets having fully recovered COVID losses – and Nasdaq sporting a 17% y-t-d return – why the talk of more QE? And with 10-year yields at 0.63% and financial conditions extraordinarily loose, what’s the purpose for discussing the pegging of Treasury bond prices (aka “yield curve control”)? Aren’t the markets already conspicuously over-liquefied?
The cognitive dissonance required to ignore the widening gap between the real economy and the fraud’s basic machinery–speculation funded by “money” conjured out of thin air–has reached a level of denial that can only be termed psychotic.When scams st…